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ActivePhiladelphia, PA, 19120
6253 N 5th St – Prime value-add duplex in East Oak Lane with strong upside potential. This well-located property features two 1BR/1BA units, with the first-floor unit rented at $850/month (no lease; long-term tenant of 6+ years) and the second-floor unit vacant and ready for quick turnover and lease-up. Attached garages currently rent for $100 each, well below market. In fair condition, the property only needs light turnover work to be move-in ready. Significant upside exists with the ability to raise rents by $200+ per unit and increase garage income. Additional highlights include separate gas meters and hot water tanks, one electric box, one water meter, gas radiator heat, and a roof completed around 2000.
Listed by: Eugene Zlotnikov, Acquisition Team LLC
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